Fair Value Measurements (Tables)

6 Months Ended

Jun. 30, 2017

Fair Value, Liabilities Measured on Recurring Basis

The following table is a listing of the Company’s netted asset or liability positions that have been measured at fair value and where they have been classified within the fair value hierarchy as of June 30, 2017 and December 31, 2016:



(in thousands)	Level 1		Level 2			Level 3
Commodity derivative asset (liability)
June 30, 2017	$	—	$	1,462		$	—
December 31, 2016	—		(4,950		)	—

- Definition

Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances.

+ References + Details